Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - CytoDyn Inc. | Financial_Report.xls |
| EX-4.2 - EX-4.2 - CytoDyn Inc. | d773671dex42.htm |
| EX-4.1 - EX-4.1 - CytoDyn Inc. | d773671dex41.htm |
| EX-32.2 - EX-32.2 - CytoDyn Inc. | d773671dex322.htm |
| EX-10.1 - EX-10.1 - CytoDyn Inc. | d773671dex101.htm |
| EX-32.1 - EX-32.1 - CytoDyn Inc. | d773671dex321.htm |
| EX-31.2 - EX-31.2 - CytoDyn Inc. | d773671dex312.htm |
| EX-10.2 - EX-10.2 - CytoDyn Inc. | d773671dex102.htm |
| EX-31.1 - EX-31.1 - CytoDyn Inc. | d773671dex311.htm |
| 10-Q - 10-Q - CytoDyn Inc. | d773671d10q.htm |
Exhibit 10.13
CYTODYN INC.
SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION PROGRAM
EFFECTIVE JUNE 1, 2014
The annual cash retainer fee for service as a non-employee director on the Board of Directors of CytoDyn Inc. is $25,000. Annual retainer fees for service as the Chairman of the Board, a committee chair or a committee member are as follows:
| Chairman of the Board |
$ | 15,000 | ||
| Audit Committee Chair |
$ | 15,000 | ||
| Audit Committee Member |
$ | 5,000 | ||
| Compensation Committee Chair |
$ | 7,500 | ||
| Compensation Committee Member |
$ | 2,500 | ||
| Nominating Committee Chair |
$ | 7,500 | ||
| Nominating Committee Member |
$ | 2,500 |
Committee chair fees are in addition to committee member fees. All cash retainer fees vest daily on a pro rata basis and are payable quarterly in arrears within 10 business days following the end of each fiscal quarter.
Each non-employee director also is to be granted a stock option to purchase 50,000 shares of common stock on June 1, 2014, with an exercise price equal to the closing sale price on May 31, 2014 and a five-year term. The options vest in equal quarterly installments beginning September 1, 2014.
Non-employee directors are also reimbursed for their reasonable business expenses for service as a member of the Board of Directors or a board committee.